Charles Raymond Plott (born July 8, 1938) is an American economist. He is the William D. Hacker Professor of Economics and Political Science, Emeritus, at the California Institute of Technology, president of the Western Economic Association International, and others.
Professional appointments
Plott's professional appointments include: National Research Council's Committee on Proposed Revisions to the Common Rule in Relation to Behavioral and Social Sciences; Economic Theory - Member, Editorial Board; Chairman, California Institute of Technology Institutional Review Board, National Research Council's Commission on Behavioral and Social Sciences and Education – Board on Behavioral, cognitive, and Sensory Sciences; The Lee Center for Advanced Networking, as well as others.
2002 Nobel Laureate Vernon L. Smith lauded Plott in his speech of thanks at the Nobel Banquet, December 10, 2002 with a toast to "The pioneering influence of Sidney Siegel, Amos Tversky, Martin Shubik, and Charles Plott on the intellectual movement that culminated in the economics award for 2002." In addition, the prize committee recognized Plott's contribution to the field.
Education
Plott received his education from the University of Virginia, PhD; Oklahoma State University, M.S., B.S.
Books
Plott is the author of numerous scholarly books and publications. A selection is:
- The Allocation of Scarce Resources: Experimental Economics and the Problem of Allocating Airport Slots, D. M. Grether, R. Mark Isaac, and C.R. Plott,. Volume in series Underground Classics in Economics, K. Arrow, J. Heckman, P. Pechman, T. Sargent, and R. Solow, editors. Boulder, CO: Westview Press, 1989.
- Designer Markets: Laboratory Experimental Methods in Economics, Volume 4, Number 1, 1994, Economic Theory. Charles R. Plott, guest editor.
- Public Economics, Political Processes and Policy Applications. Collected Papers on the Experimental Foundations of Economics and Political Science, Volume One. Cheltenham, UK: Edward Elgar Publishing (2001).
- Market Institutions and Price Discovery. Collected Papers on the Experimental Foundations of Economics and Political Science, Volume Two. Cheltenham, UK: Edward Elgar Publishing (2001).
- Information, Finance and General Equilibrium. Collected Papers on the Experimental Foundations of Economics and Political Science, Volume Three. Cheltenham, UK: Edward Elgar Publishing (2001).
- Handbook of Experimental Economic Results, Volume 1. Edited by C. R. Plott and V.L. Smith, Elsevier North-Holland Publishing (2008).
Patents
- Amusement devices and games including means for processing electronic data where ultimate outcome of the game is dependent on relative odds of a card combination and/or where chance is a factor: expected biases such as long shot and favorite bias, (2011).